Rotork (LON:ROR) Lowered to “Hold” at HSBC

HSBC downgraded shares of Rotork (LON:ROR) to a hold rating in a research note released on Tuesday, Stock Target Advisor reports. HSBC currently has GBX 330 ($4.34) price target on the stock, down from their previous price target of GBX 340 ($4.47).

Other analysts have also issued research reports about the stock. Credit Suisse Group restated an underperform rating on shares of Rotork in a research report on Thursday, October 17th. Berenberg Bank raised their price target on shares of Rotork from GBX 280 ($3.68) to GBX 290 ($3.81) and gave the company a hold rating in a research report on Thursday, August 15th. Jefferies Financial Group raised their price target on shares of Rotork from GBX 338 ($4.45) to GBX 345 ($4.54) and gave the company a hold rating in a research report on Friday, November 22nd. Deutsche Bank raised their price target on shares of Rotork from GBX 295 ($3.88) to GBX 320 ($4.21) and gave the company a hold rating in a research report on Friday, November 22nd. Finally, Royal Bank of Canada restated an outperform rating on shares of Rotork in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 324.33 ($4.27).

ROR stock opened at GBX 332.80 ($4.38) on Tuesday. The firm has a market cap of $2.90 billion and a PE ratio of 32.00. The company has a debt-to-equity ratio of 6.45, a quick ratio of 1.56 and a current ratio of 2.13. The firm’s fifty day moving average is GBX 324.13 and its 200 day moving average is GBX 310.39. Rotork has a one year low of GBX 232.60 ($3.06) and a one year high of GBX 344.70 ($4.53).

In related news, insider Jonathan Davis bought 449 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were acquired at an average price of GBX 320 ($4.21) per share, for a total transaction of £1,436.80 ($1,890.03). In the last quarter, insiders bought 1,384 shares of company stock worth $430,917.

Rotork Company Profile

Rotork plc designs, manufactures, and markets actuators and flow control products worldwide. It operates through four segments: Controls, Fluid Systems, Gears, and Instruments. The company offers electric actuators and control systems, including intelligent multi-turn and part-turn valve actuators, part-turn/rotary and linear control valve actuators, heavy-duty part-turn/rotary and linear valve actuators, small part-turn/rotary valve actuators, and network control systems, as well as explosion proof actuators, sensors, switches, and controls.

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Analyst Recommendations for Rotork (LON:ROR)

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